Bare Act Search Results

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Preamble 1

Title: Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983

State: Central

Year: 1983

THE TRANSFORMER AND SWITCHGEAR LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 [Act No. 41 of 1983] [25th December, 1983] PREAMBLE An Act to provide for the acquisition and transfer of the undertakings of the Transformer and Switchgear Limited with a view to securing the better utilisation of the available infra-structure thereof and to modernise and augment the production of transformers, switchgears and other allied electrical equipments by the said undertakings so as to subserve the interests of the general public be ensuring the continued supply of the aforesaid articles which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS the Transformer and Switchgear Limited are engaged in the production of certain articles mentioned in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), under the heading "ELECTRICAL EQUIPMENT"; AND WHEREAS the Company had been suffering heavy losses for a number of years with the result that a majority of the workers of the Company had been laid off and the affairs of the Company are being managed in a manner.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Complete Act

Title: Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983

State: Central

Year: 1983

.....- Examination of claims Section20 - Admission or rejection of claims Section21 - Disbursement of money by the Commissioner to claimants Section22 - Disbursement of amounts to the Company Section23 - Undisbursed or unclaimed amount to be deposited to the general revenue account Chapter VII Section24 - Act to have overriding effect Section25 - Contracts to cease to have effect unless ratified by the Central Government or Andrew Yule Section26 - Protection of action taken in good faith Section27 - Delegation of powers Section28 - Penalties Section29 - Offences by companies Section30 - Power to make rules Section31 - Power to remove difficulties Section32 - Repeal and saving ScheduleI - THE SCHEDULE

Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983 Complete Act

State: Central

Year: 1983

.....1983 41 of 1983 25th December, 1983 STATEMENT OF OBJECTS AND REASONS The Transformer and Switch-gear Limited was established in 1956 for the manufacture of transformers, switch-gears and other allied electrical equipments. The Company commenced production in 1957 in technical collaboration with Dominic works GMbh, West Germany, It has been incurring losses for a number of years and the accumulated losses at the end of October. 1982 were of the order of Rs. 306 lakhs as against the paid-up capital of Rs. 12.5 lakhs. 2. Efforts for the revival of the Company in the past had failed. Many schemes pre- pared for the revival of the Company could not be implemented for want of necessary finance. Further, such schemes cannot meet all the past liabilities of the company. Production in the Company had come to a standstill and wages to the workers were not being paid. Restructuring the Company in order to bring about a balance between as- sets and liabilities was therefore considered to be an immediate necessity. This process could be achieved quickly only through nationalisation of the undertakings of the Company which would also result in the revival of the undertakings. The.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Chapter I

Title: Preliminary

State: Central

Year: 1983

.....means the 8th day of November, 1983; (c) "Commissioner" means the Commissioner of Payments appointed under section 14; (d) "Company" means the Transformer and Switchgear Limited, being a company as defined in the Companies Act, 1956(1 of 1956), and having its registered office at 21, Guindy Road, Adyar, Madras-6000020; (e) "notification" means a notification published in the Official Gazette; (f) "prescribed" means prescribed by rules made under this Act; (g) "specified date" in relation to any provision of this Act, means such date as the Central Government may, by notification, specify for the purposes of that provision and different dates may be specified for different provisions of this Act; (h) words and expressions used herein and not defined but defined in the Companies Act, 1956(1 of 1956), shall have the meanings, respectively, assigned to them in that Act.

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 1

Title: Short Title and Commencement

State: Central

Year: 1983

(1) This Act may be called the Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983. (2) It shall be deemed to have come into force on the 8th day of November, 1983.

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 2

Title: Definitions

State: Central

Year: 1983

In this Act, unless the context otherwise requires,- (a) "Andrew Yule" means Andrew Yule and Company Limited, Calcutta, a company formed and registered under the Companies Act, 1956(1 of 1956); (b) "appointed day" means the 8th day of November, 1983; (c) "Commissioner" means the Commissioner of Payments appointed under section 14; (d) "Company" means the Transformer and Switchgear Limited, being a company as defined in the Companies Act, 1956(1 of 1956), and having its registered office at 21, Guindy Road, Adyar, Madras-6000020; (e) "notification" means a notification published in the Official Gazette; (f) "prescribed" means prescribed by rules made under this Act; (g) "specified date" in relation to any provision of this Act, means such date as the Central Government may, by notification, specify for the purposes of that provision and different dates may be specified for different provisions of this Act; (h) words and expressions used herein and not defined but defined in the Companies Act, 1956(1 of 1956), shall have the meanings, respectively, assigned to them in that Act.

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Chapter VII

Title: Miscellaneous

State: Central

Year: 1983

.....Government or Andrew Yule for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act. Section 27 - Delegation of powers (1) The Central Government may, by notification, direct that all or any of the powers exercisable by it under this Act, other than the powers conferred by this section, section 30 and section 31, may also be exercised by such person or persons as may be specified in the notification. (2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the direction, control and supervision of the Central Government. Section 28 - Penalties Any person who,- (a) having in his possession, custody or control any property forming part of the undertakings of the Company, wrongfully withholds such property from the Central Government or Andrew Yule; or (b) wrongfully obtains possession of, or retains, any property forming part of the undertakings of the Company; or (c) wilfully withholds or fails to furnish to the Central Government or Andrew Yule or any person or body of persons specified by that Government or Andrew Yule,.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 32

Title: Repeal and Saving

State: Central

Year: 1983

(1) The Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Ordinance, 1983, is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.

Delhi Police Act, 1978 Complete Act

State: Delhi

Year: 1978

.....for further service in the police, the appointing authority shall forthwith permit him to withdraw from duty on his discharging, or giving a satisfactory security for the payment of any debt due from him as such police officer to Government or to any police fund : Provided that he shall forthwith return the certificate of appointment, arms, accoutrements, uniform and all other Government property in his possession before he is permitted to withdraw from duty. (7) If any such police officer of subordinate rank resigns or withdraws himself from the duties of his office in contravention of this section, he shall be liable on the orders of the appointing authority to forfeit all arrears of pay then due to him in addition to the penalty to which he may be liable under section 22 or any other law for the time being in force. (8) Every such police officer on leaving the service in the Delhi police as aforesaid shall be given by the appointing authority a Discharge Certificate in such form as may be prescribed. Section26 Certificate, arms etc., to be delivered by person ceasing to be a police officer (1) Every person who for any reason ceases to be a police officer shall.....

Finance Act, 1995 Complete Act

State: Central

Year: 1995

.....capital undertaking" means such domestic comply whose shares are not listed in a recognized stock exchange in India and which is engaged in the manufacture or production of such articles or things (including computer software) as may be notified by the Central Government in this behalf; (8) after clause (25), the following clause shall be inserted and shall be deemed always to have been inserted with effect from the day of April, 1962, namely :" "(25A) any income of the Employees' State Insurance Fund set up under the provisions of the Employees' State Insurance Act, 1948;"; (9) after clause (26B), the following clause shall be inserted, namely :" (26BB) any income of a corporation established by the Central Government or any State Government for promoting the interests of the members of a minority community. Explanation ." For the purposes of this clause, 'minority community' means a community notified as such by the Central Government in the Official Gazette in this behalf; SECTION 05: AMENDMENT OF SECTION 10A In section 10A of the Income-tax Act, in sub-section (2), after clause (i), the following clause shall be inserted with effect from the 1st day of April, 1996, namely......